Everything News Jobs Opportunities Events Products/Services
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

03 Aug 2009 01:08:01

US Department of Energy announces renewable energy funding

US Department of Energy announces renewable energy funding
The US Department of Energy has announced that it is accepting applications from companies looking to take part in a renewable energy scheme.

Along with the Department of the Treasury, the government body will make direct payments instead of tax credits to companies that create renewable energy facilities.

The two departments plan to hand out at least $3 billion in such financial support towards the development of as many as 5,000 bio-mass, solar and wind power generation facilities in the US.

Energy secretary Stephen Chu said: "This programme will play a major role in encouraging private sector capital to invest in clean energy development, creating new jobs that can't be outsourced.

"It is an investment that will continue to help our economy grow and ensure advancement in clean and renewable energy development."

The direct payments are authorised under the terms of the Recovery Act and are available to all eligible companies that have created or placed in service renewable energy facilities from January 1st, 2009.



Discussion Thread  


Related Categories

Clicking a category below will direct you to a list of related information

Skip Navigation Links.

The Low Carbon Economy Ltd Community

Related Items From Everyone

  1. We're all pretty familiar with the concept of reduce, reuse, recycle but we probably think of it...

    16 Jul 2012
  2. A recent forecast has estimated the concentrated solar power industry is set to go from strength...

    14 May 2012
  3. Solar photovoltaic systems Products & Services

    For quiet and clean electricity generation with a modular approach, solar photovoltaic (PV)...

  4. Official statistics have revealed that the UK government still has a long way to go in reducing...

    20 May 2009
  5. Shipping: Schematic showing the total climate impact over 100 years of two example species - 'A'...

Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback


We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.